Settings8H · net · $10k
Funding arb · Price arb /

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%
Price spread now: Extended against Orderly−0.010%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_1000SHIB_USDC0.0000061100.0100pay 0.0100% / 8h7h 14m$7K$4K20x
ShortExtended 1000SHIB-USD0.0000061090.0104get 0.0013% / 1h14m 20s$54K$4K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Orderly. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: −0.010% → 0.000%
−$1.02
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$11.18
Costs to cover
0.110%
Break-even
100.2 days
Slippage unknown: Orderly: no order-book sample; Extended: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Extended no order-book sample
Orderly and Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SHIB on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SHIB-USD0.0000%1h0.000006105−0.082%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006106−0.070%$208K$2.3M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006111+0.016%$47K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006109−0.021%$743150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040−1.146%$248$134K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0064%1h0.0000061100.000%$85K$860K50xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000006111+0.016%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006115+0.082%$241K$469K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006104−0.098%$37K$179K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006106−0.065%$12K$4K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000SHIBUSDT+0.0100%8h0.000006113+0.049%$30.0M$98.9M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006112+0.033%$9.3M$35.2M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006108−0.033%$7.1M$5.7M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006112+0.033%$31.6M$16.9M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006105−0.082%$4.9M$2.6M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006108−0.033%$11.5M$14.0M75xas long as short
Orderly PERP_1000SHIB_USDClong+0.0100%8h0.000006110long leg$7K$4K20x
SunX SHIB-USDT+0.0100%8h0.000006123+0.213%$2K$24K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.0000061100.000%$526$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006107−0.049%$420K$599K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.0000061100.000%$2.2M$6.3M50xas long as short
Extended 1000SHIB-USDshort+0.0104%1h0.000006109−0.010%$54K$4K25x
Paradex kSHIB-USD-PERP+0.0124%8h0.000006107−0.042%$7K$1320xas long as short
Backpack kSHIB_USDC_PERP+0.0213%1h0.000006108−0.033%$23K$7K15xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−1.800%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006108−0.033%$871K$943K50xas long as short
Kraken Futures PF_SHIBUSD+0.0257%1h0.000006114+0.059%$1.2M$827K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006107−0.048%$120xas long as short
Hyperliquid kSHIB+0.0731%1h0.000006117+0.115%$4.4M$4.0M10xas long as short